MIRA INFORM REPORT
|
Report Date : |
15.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
R.A.K. CERAMICS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
H. No. 9-1-164, Flat No. 105, 1st Floor, Amsri Plaza, S.D. Road
Secunderabad – 500003, Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2012 |
|
|
|
|
Date of
Incorporation : |
09.01.2004 |
|
|
|
|
Com. Reg. No.: |
01-042401 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.830.516 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26919AP2004PTC042401 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDR02125E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCR6424N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Ceramic and Vitrified Tiles and Sanitary Waves. |
|
|
|
|
No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 9930000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of RAS AL KHAIMAH CERAMICS CO. PSC. UAE. It is
an established company having satisfactory track record. The management has failed to file its financial with government department
for the year 2013. As per available financial of 2012, the rating reflects R.A.K’s
established market position in the vitrified tiles and sanitary-ware segment
in India marked by the strong support that it receives from its parent company
and improved operational performance over a previous year. Trade relations are reported as fair. Business is active. Payments are
reported be regular and as per commitment. In view of strong holding support, the company can be considered for
business dealings at usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
State-run banks hired nearly
300000 personnel including more than 94000 officers in the last four years,
according to the Indian Banks Association. A study by trade lobby Assocham in September
2013 indicated that banks would need 800000 people in the next six years. It
estimated that state-run lenders alone would hire 50000 people in 2013/14.
The Competition Commission of
India plans to issue final orders within a broad time-frame of one year in
matters where it decides to carry out detailed investigations. The number of
complaints received by the watchdog which keeps tabs on unfair trade practices
in the marketplace.
The government has detected custom
tax evasion totaling around Rs 37920 mn in 14 states until December.
Maharashtra topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs
8140 mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.
Connaught Place in New Delhi
slipped four notches to become the world’s eighth most expensive office
locations. London’s West End is the world’s most expensive office market.
There are 4.072 mn number of
high value spenders under the scanner of the income tax department. The income
tax department has information that they have made cash deposits announcing to
Rs 1 mn or more in their savings bank accounts in the current financial year.
It plans to check potential evasion before the closing of the financial year on
March 31.
Estimated pharmaceutical sales
in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago.
The life sciences and health care industry is up against challenges such as
quality management, says a recent Deloitte report.
The gross non-performing assets
of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months
of the financial year. In absolute terms, the 40 listed banks added Rs 3386
crore to their gross NPAs in nine months with the State Bank of India leading
with the State Bank of India leading with an accretion of Rs 16610 crore.
The inflow of smuggled gold
doubled in 2013 following restrictions to curb the supply from official
channels to contain the current account deficit. China surpassed India in the
demand for gold for the first time in 2013 due to liberalization of gold
trading norms by its local governments.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk.
|
|
Date |
September 17, 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
September 17, 2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Rohit Khandelwal |
|
Designation : |
General Manager |
|
Contact No.: |
91-9223050111 |
|
Date : |
11.03.2014 |
LOCATIONS
|
Registered Office : |
H. No. 9-1-164, Flat No. 105, 1st Floor, Amsri Plaza, S.D.
Road Secunderabad – 500003, Andhra Prades, India |
|
Tel. No. : |
91-88-42329344 |
|
Mobile No. : |
91-9223050111 (Mr. Rohit Khandelwal) |
|
Fax No. : |
Not Available |
|
E-Mail : |
|
|
Website : |
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|
|
|
|
Factory : |
P. B. No. 11, IDA Pedapuram, ADB Road, Samalkot - 533440, East
Godavari District, Andhra Pradesh, India |
|
Tel. No.: |
91-884-2329344 / 5588334 |
|
Fax No.: |
91-884-2329343 |
|
|
|
|
Administrative Office : |
H No.69-18-3, Road No.1, Plot No.27, Lalitha Nagar, Galgalapadu,
Kakinada-533004, Andhra Pradesh, India |
|
|
|
|
Marketing Office : |
6, Dheeraj Heritage, 1st Floor, S.V. Road, Santacruz
(West), Mumbai – 400054, Maharashtra, India |
|
Tel No. : |
91-22-26605704 , 26605706 |
DIRECTORS
As on 29.06.2013
|
Name : |
Mr. Sunil Kapoorchand Malesha |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
703, Himachal,
Juhu, Lane, Andheri (West), Mumbai, 400058, Maharashtra, India |
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Date of Birth/Age : |
02.01.1966 |
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Date of Appointment : |
01.01.2011 |
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|
DIN No. : |
00391586 |
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Other Directorship :
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|
Name : |
Mr. Hamad Abdulla Al Muttawa |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Uae Rak Road No.6,
Muttawaa Building, Kharan, Ras Al Khaimah, Na, United Arab Emirates |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
30.12.1946 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
09.01.2004 |
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DIN No. : |
01497997 |
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Other Directorship :
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|
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|
Name : |
Mr. Abdallah Massaad |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Villa No. D 41,
Al Hamra Village, Al Jazeerah Al Hamar, Ras Al Khaima, UAE |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.11.1971 |
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|
Date of Appointment : |
13.09.2012 |
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|
DIN No. : |
05238613 |
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Other Directorship :
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|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Khaled Abdulla Yousef Aal Abdulla |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Aya Complex,
Khuzam,Ras Al Khaimah, UAE |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.10.1970 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
29.06.2013 |
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|
DIN No. : |
06432987 |
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Other Directorship :
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.06.2013
|
Names of Shareholders (Equity
Shareholders) |
No. of Shares |
|
RAK Ceramics Company, UAE |
56598665 |
|
Al Hamara Real Estate Development Company |
1 |
|
Sunil Kapoorchand Malesha |
982871 |
|
Sudhir Kapoorchand Malesha |
982870 |
|
Nirmala K. Malesha |
982500 |
|
Sangita S. Malesha |
786000 |
|
Mala S. Malesha |
786000 |
|
Laxmi J. Malesha |
1768500 |
|
|
|
|
Total |
62887407 |
|
Names of Shareholders (Preference
Shareholders) |
No. of Shares |
|
RAK Ceramics Company, UAE |
20164154 |
|
|
|
|
Total |
20164154 |
As on 29.06.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
92.43 |
|
Directors or relatives of Directors |
7.57 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Ceramic and Vitrified Tiles and Sanitary Waves. |
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Products : |
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||||
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Exports : |
Not Divulged |
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|
||||
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Imports : |
Not Divulged |
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|
||||
|
Terms : |
|
||||
|
Selling : |
L/C and Credit |
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|
|
|
||||
|
Purchasing : |
L/C and Credit |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
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Customers : |
Wholesalers, Retailers and End Users |
|||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||
|
No. of Employees : |
1000 (Approximately) |
|||||||||||||||||||||||||||||||||
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|
|
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Bankers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B S R and Associates Chartered Accountants |
|
Address : |
Reliance
Humsafar, IV Floor Road No.1, Banjara Hills Hyderabad - 533 034, Andhra
Pradesh, India |
|
PAN
No. : |
AAIFB7355D |
|
|
|
|
Holding company
: |
|
|
|
|
|
Fellow Subsidiary company : |
|
|
|
|
|
Associate : |
|
|
|
|
|
Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their relatives
: |
|
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
64000000 |
Equity Shares |
Rs.10/- each |
Rs.640.000 Millions |
|
21000000 |
Preference Shares |
Rs.10/- each |
Rs.210.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.850.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
62887407 |
Equity Shares |
Rs.10/- each |
Rs.628.874 Millions |
|
20164154 |
Preference Shares |
Rs.10/- each |
Rs.201.642 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.830.516
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.12.2012 |
31.12.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
830.516 |
628.874 |
|
(b) Reserves & Surplus |
|
1,652.087 |
403.741 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
2,482.603 |
1,032.615 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
263.436 |
1,623.371 |
|
(b) Deferred tax liabilities (Net) |
|
144.857 |
126.741 |
|
(c) Other long term liabilities |
|
108.054 |
101.759 |
|
(d) long-term provisions |
|
13.717 |
7.853 |
|
Total
Non-current Liabilities (3) |
|
530.064 |
1,859.724 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
1,034.172 |
681.817 |
|
(b) Trade payables |
|
1,135.317 |
827.893 |
|
(c) Other current liabilities |
|
761.154 |
828.416 |
|
(d) Short-term provisions |
|
34.879 |
33.603 |
|
Total
Current Liabilities (4) |
|
2,965.522 |
2,371.729 |
|
|
|
|
|
|
TOTAL |
|
5,978.189 |
5,264.068 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
2,646.237 |
2,576.508 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
39.953 |
46.831 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
363.838 |
369.318 |
|
(e) Other Non-current assets |
|
2.042 |
1.904 |
|
Total
Non-Current Assets |
|
3,052.070 |
2,994.561 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
1,632.609 |
1,578.278 |
|
(c) Trade receivables |
|
985.182 |
561.824 |
|
(d) Cash and cash equivalents |
|
103.555 |
46.832 |
|
(e) Short-term loans and advances |
|
184.815 |
80.621 |
|
(f) Other current assets |
|
19.958 |
1.952 |
|
Total
Current Assets |
|
2,926.119 |
2,269.507 |
|
|
|
|
|
|
TOTAL |
|
5,978.189 |
5,264.068 |
|
SOURCES OF FUNDS |
|
|
31.12.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
628.874 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
445.583 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1074.457 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
1407.389 |
|
|
2] Unsecured Loans |
|
|
1218.620 |
|
|
TOTAL BORROWING |
|
|
2626.009 |
|
|
DEFERRED TAX LIABILITIES |
|
|
162.972 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3863.438 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2404.353 |
|
|
Capital work-in-progress |
|
|
86.154 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1460.180 |
|
|
Sundry Debtors |
|
|
627.292 |
|
|
Cash & Bank Balances |
|
|
25.668 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
350.034 |
|
Total
Current Assets |
|
|
2463.174 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
734.800 |
|
|
Other Current Liabilities |
|
|
200.292 |
|
|
Provisions |
|
|
155.151 |
|
Total
Current Liabilities |
|
|
1090.243 |
|
|
Net Current Assets |
|
|
1372.931 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
3863.438 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
4038.250 |
|
|
|
Other Income |
|
|
188.312 |
|
|
|
TOTAL |
6175.000 |
4390.000 |
4226.562 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing Expenses |
|
|
2564.336 |
|
|
|
Cost of Goods Traded |
|
|
234.091 |
|
|
|
Payments and Benefits to Employees |
|
|
192.976 |
|
|
|
Administrative, Selling and Other Expenditures |
|
|
290.740 |
|
|
|
Amalgamation Related Expenditures |
|
|
6.718 |
|
|
|
Loss/ (Gain) on Foreign Exchange Fluctuations (Net) |
NA |
NA |
(6.265) |
|
|
|
TOTAL |
|
|
3282.596 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
|
943.966 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
151.642 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
792.324 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
NA |
338.245 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
|
454.079 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
148.349 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
79.000 |
(42.000) |
305.730 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
123.213 |
|
|
|
|
|
|
|
|
|
Add |
Transferred to
the company on Amalgamation |
NA |
NA |
61.166 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
|
30.573 |
|
|
|
Proposed Dividend |
|
|
125.775 |
|
|
|
Tax on Dividend |
|
|
20.890 |
|
|
BALANCE CARRIED
TO THE B/S |
|
|
312.871 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Exports of Goods |
NA |
NA |
261.062 |
|
|
TOTAL EARNINGS |
|
|
261.062 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
|
461.241 |
|
|
|
Stores & Spares |
|
|
94.995 |
|
|
|
Capital Goods |
|
|
35.062 |
|
|
|
Others |
|
|
90.140 |
|
|
TOTAL IMPORTS |
|
|
681.438 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.25 |
(0.67) |
5.18 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
PAT / Total Income |
(%) |
1.28
|
(0.96) |
7.23 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
11.24 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA |
9.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA |
0.42 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.52
|
2.23 |
2.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.99
|
0.98 |
2.26 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
628.874 |
830.516 |
|
Reserves & Surplus |
403.741 |
1,652.09 |
|
Net
worth |
1,032.615 |
2,482.603 |
|
|
|
|
|
long-term borrowings |
1,623.37 |
263.436 |
|
Short term borrowings |
681.8 |
1,034.17 |
|
Total
borrowings |
2,305.171 |
1,297.608 |
|
Debt/Equity
ratio |
2.232 |
0.523 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2010 |
31.12.2011 |
31.12.2012 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Total Income |
4226.562 |
4390.000 |
6175.000 |
|
|
|
3.867 |
40.661 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2010 |
31.12.2011 |
31.12.2012 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Total Income |
4226.562 |
4390.000 |
6175.000 |
|
Profit |
305.730 |
(42.000) |
79.000 |
|
|
7.23% |
(0.96%) |
1.28% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
|
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
NO |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
NOTE:
The registered address of the company has been shifted from Second Floor,
Jaya Mansion, Block-B-126, S. D. Road, Secunderabad-500003, Andhra Pradesh,
India to the present address w.e.f 01.12.2012
UNSECURED LOANS
|
PARTICULAR |
31.12.2012 (Rs.
In Millions) |
31.12.2011 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Term loan from others |
0.000 |
1154.097 |
|
|
|
|
|
Total |
0.000 |
1154.097 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10412925 |
01/03/2013 |
300,000,000.00 |
ABU DHABI COMMERCIAL BANK |
75,REHMAT MANZIL, VEER NARIMAN ROAD,, CHURCHGATE, |
B71172803 |
|
2 |
10199682 |
22/01/2010 |
100,000,000.00 |
BANK OF BARODA |
KAKINADA,, KAKINADA, Andhra Pradesh - 533001, INDIA |
A78270931 |
|
3 |
10186761 |
05/11/2012 * |
165,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORORATION LIMITED |
52/60, Mahatma Gandhi Road, Fort, MUMBAI, Maharashtra - 400001, INDIA |
B61633889 |
|
4 |
10167752 |
10/07/2009 |
408,000,000.00 |
Standard Chartered Bank |
6-3-1090, TSR Towers, Raj Bhavan Road, Somajiguda, Hyderabad, Andhra
Pradesh - 500082, INDIA |
A66357500 |
|
5 |
10158980 |
10/07/2009 * |
263,065,000.00 |
Standard Chartered Bank |
6-3-1090, TSR Towers, Raj Bhavan Road, Somajiguda, Hyderabad, Andhra
Pradesh - 500082, INDIA |
A66357765 |
|
6 |
10127005 |
04/07/2012 * |
162,000,000.00 |
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED |
52/60, MAHATMA GANDHI ROAD, FORT, MUMBAI, Maharashtra - 400001, INDIA |
B42990804 |
|
7 |
10086826 |
02/04/2007 |
80,000,000.00 |
STATE BANK OF INDIA |
KAKINADA, KAKINADA, Andhra Pradesh - 533001, INDIA |
A31787773 |
|
8 |
10038746 |
06/11/2012 * |
400,000,000.00 |
The Hongkong and Shanghai Banking Corporation Limited |
52/60, Mahatma Gandhi Road, Fort Mumbai, Mumbai, Maharashtra - 400001,
INDIA |
B61634432 |
|
9 |
10032071 |
11/11/2013 * |
400,000,000.00 |
The Royal Bank of Scotland N.V. |
4, North Avenue, Level 3, Maker Maxity, Bandra Kurla Complex, Bandra
East, Mumbai, Maharashtra - 400051, INDIA |
B89345201 |
|
10 |
90263051 |
29/04/2013 * |
1,055,000,000.00 |
Standard Chartered Bank |
6-3-1090, TSR Towers, Raj Bhavan Road, Somajiguda, Hyderabad, Andhra
Pradesh - 500082, INDIA |
B75471086 |
|
11 |
80043427 |
07/02/2008 * |
163,950,000.00 |
Ras Al Khaimah CERAMICS Co. |
P. O. BOX 4714, RAS AL KHAIMAH, UNITED ARAB EMIRATES, - 4714, UNITED
ARAB EMIRATES |
A35051085 |
* Date of charge modification
FIXED ASSETS
·
Land- freehold
·
Buildings
·
Plant and Machinery
·
Furniture and Fixtures
·
Office Equipments
·
Computers
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.52 |
|
|
1 |
Rs.102.22 |
|
Euro |
1 |
Rs.85.23 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.